New ITM boss targets overconfident culture after profit warnings6 Mar 2023 21:42
Interesting article in the FT:
Schulz, however, said his appointment was not a sign that Linde would attempt a takeover through the back door.
“What was the most shocking to me was the amount of products which ITM has been working on, given the depth of ITM’s slide in valuation, the tear-up by Schulz might not be radical enough for some investors.
“I wanted someone to come in and really scrutinise the technology,” said Lacie Midley, analyst at Panmure Gordon. “That’s a big sticking point for investors. Unfortunately until it is proven at a bigger scale, you are taking their word for it.” Article a bit too long to paste here.